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NEW QUESTION: 1
A user, while entering an invoice for an asset for capitalization, has entered the GL Distribution charge Account.
Identify the asset related account to which this invoice should match in order for it to be automatically converted into an asset in Fusion Assets.
A. Accumulated Depreciation Account
B. Asset Amortization Account
C. Depreciation Account
D. Asset Clearing Account
E. Asset Cost Account
Answer: E
Explanation:
Asset Cost account: Reconcile asset costs to your general ledger. Assets creates journal entries for this account to reflect additions, retirements, cost changes, transfers, reclassifications, and capitalizations.
Reference: Oracle Fusion Applications Financials Implementation Guide, General Ledger Accounts


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